Algorithmic Volume Rejection Zones (AVRZ)

Current Version: v1.0.0
Language: Pine Script™ v6 Follow me on Tradingview: CandlesofKarma

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🛡️ Overview

AVRZ is a specialized decision-support system designed to identify institutional absorption. Unlike standard reversal indicators, AVRZ filters out weak price probes and only signals when significant volume (>2.0 Sigma) steps in to defend a price level.

🧠 The Logic

The algorithm synthesizes three pillars of analysis:

1. Geometry: Analyzes Wick vs. Body ratios to detect rejection anatomy.
2. Volume: Uses Z-Score statistical analysis to detect "Efficiency Events" (Climax Bypass).
3. Structure: Utilizes fractal clustering to confirm Swing Highs/Lows.

🚀 Installation

1. Copy the code from AVRZ.pine.
2. Open TradingView > Pine Editor.
3. Paste the code and click "Add to Chart".

⚙️ Key Settings

• Wick %: Minimum percentage of the candle that must be a wick.
• Climax Threshold: The Z-Score required to trigger an immediate "V-Shape" zone.
• Zone Management: Max number of zones to keep on the chart (FIFO).

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Disclaimer: This tool is for educational purposes and decision support, not financial advice.